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Euro Forecast Directory - Page #269

A round up of the latest Euro forecast news items from the Currency News desk.

Pound Euro Exchange Rate (GBP EUR) Gains Following Strong UK Retail Sales And PMI Services Data

5 Mar 2013 at 2 PM - Written by Tim Boyer

A brace of positive UK data releases has caused the Pound to be one of the best-performing of the sixteen most-actively traded currencies today. The overnight session brought the release of the latest British Retail Consortium (BRC) annualised Retail Sales data. The UK shop sales numbers for last month revealed that like-for-like transactions...

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GBP EUR Rate Up On Cyprus Fears, GBP AUD Rate Down On RBA 'Hold' Decision

5 Mar 2013 at 9 AM - Written by Minesh Chaudhari

Yesterday’s session threw up an interesting juxtaposition for investors holding euros – just as news broke that the tiny Baltic nation of Latvia had applied to adopt the euro, it emerged that the eurogoroup of Finance Ministers are holding meetings in Brussels aimed at providing a potential €17bn bail-out for the tiny Mediterranean...

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Weak UK PMI Manufacturing Survey Sends GBP EUR Rate Lower

1 Mar 2013 at 2 PM - Written by David Woodsmith

Investor sentiment regarding the Pound had been firming throughout the week following the sharp move against the UK tender which last Friday’s British debt downgrade had triggered. However, this morning’s Markit/CIPS Purchasing Managers’ Index survey put an end to the Pound’s apparent stabilisation. The gauge of the state of play in...

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GBP EUR Rate Gains On Eurozone Banker Bonus Cap, GBP ZAR Rate Spirals On Weak SA Trade Data

1 Mar 2013 at 9 AM - Written by John Cameron

Sterling climbed against the euro during yesterday’s session, sending the Pound euro exchange rate (currency : GBP EUR) back above the 1.1600 level just after the European equities close. The move out of euro-denominated assets was partly driven by German and eurozone inflation data, released yesterday, which revealed that the rate of...

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Investors Await European CPI Inflation Data, GBP EUR Exchange Rate At Risk Again

28 Feb 2013 at 9 AM - Written by Minesh Chaudhari

Yesterday afternoon’s US Durable Goods Orders data for last month showed a sharp drop from December’s print, and the rate of interest paid by Italy on her 10 year gilts spiralled at yesterday’s auction, yet Tokyo’s benchmark Nikkei 225 index still climbed by over 2.5% during last night’s Asian session. The forward move in...

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Pound Euro Exchange Rate (GBP EUR) In Peril Following UK's AAA Credit Downgrade

25 Feb 2013 at 9 AM - Written by John Cameron

For some months now, a dark and threatening cloud has hung over Britain. All three of the world’s leading credit ratings agencies placed the UK on ‘creditwatch’ during the latter part of 2012, meaning that there was a realistic chance that she would lose her highly-valued AAA credit rating. Late last Friday, after the European equities...

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Pound Euro Exchange Rate (GBP EUR) Tests Higher Following Disappointing LTRO Repayment Data

22 Feb 2013 at 12 PM - Written by John Cameron

There was distinctly mixed news from the eurozone today. The latest German GDP data revealed that economic activity in the giant Teutonic economy had contracted by 0.6% during the final three months of last year. Although the market had been expecting a showing at around this level for the finalised Q4 print, it still served as a reminder to...

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Pound Euro Exchange Rate (GBP EUR) Remains Low Despite Draghi And Van Rompuy?s Words

19 Feb 2013 at 9 AM - Written by John Cameron

A light schedule of global data releases during yesterday’s session meant that investors placed increased focus on public comments from policymakers and central bankers. European Council President Herman Van Rompuy took to the lectern to deliver a set piece speech defending the controversial eurozone-wide budgetary pact which the region’s...

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Positive Spanish Bad Loans Data Sends GBP EUR Exchange Rate Lower Again

18 Feb 2013 at 6 PM - Written by Minesh Chaudhari

Sometimes a ‘bad bank’ can be a good thing – or so it would seem. The Bank of Spain published its latest Bad Loans data earlier today and the figure proved to be good news for the euro. The numbers from Spain’s central bank revealed that the collective ratio of bad loans held by the struggling Iberian nation’s retail banking sector...

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GBP AUD And GBP NZD Exchange Rates Claw Back Lost Ground In Spite Of Positive Michigan Confidence Survey

18 Feb 2013 at 9 AM - Written by Frank Davies

Friday afternoon’s Michigan Sentiment survey revealed that confidence levels amongst economic participants in the US has risen to its highest level for some three months. The release helped to ensure that global appetite for risk ended the week on an uptick; investor sentiment had taken a hit earlier in the week, when Q4 GDP data from...

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